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PUBLISHER: Grand View Research | PRODUCT CODE: 1474855
PUBLISHER: Grand View Research | PRODUCT CODE: 1474855
U.S. Practice Management System Market Size, Share & Trends Analysis Report By Product (Integrated, Standalone), By Component, By Delivery Mode, By End-use, And Segment Forecasts, 2024 - 2030
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U.S. Practice Management System Market Growth & Trends:
The U.S. practice management system market size is anticipated to reach USD 10.1 billion by 2030, growing at a CAGR of 9.40% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market's growth can be attributed to the changing dynamics of hospital/healthcare settings and increasing pressure to curb healthcare costs. With the help of practice management systems, healthcare providers can offer the right treatment at an effective price, thus reducing treatment costs.
The rising demand for value-added products and services contributes to the adoption and utilization of practice management systems (PMS). PMS software helps streamline administrative tasks, such as appointment scheduling, billing, and electronic health record (EHR) management. Integrating value-added services into PMS platforms enhances the overall patient experience, optimizes workflow efficiency, and improves practice profitability. For instance, in December 2023, Veradigm LLC launched a conversational AI agent for Practice Fusion Billing Services. The AI can help answer questions in a conversational format and simplify the billing process for independent healthcare providers. This enhancement aimed to optimize financial management for healthcare providers and meet their needs.
U.S. Practice Management System Market Report Highlights:
- Based on product, the integrated segment held the largest market share in 2023. This can be attributed to the product benefits such as improved efficiency and communication across different departments, as well as decreased administrative and medical errors.
- Based on component, the software segment dominated with the largest revenue share in 2023, owing to the new product launches and advancements in technology with the implementation AI and IoT.
- Based on delivery mode, the web-based segment dominated the market in 2023, owing to the benefits such as rapid Return on Investment (RoI), affordability, and ease of deployment.
- Based on end-use, physician back office dominated the U.S. market for practice management systems in 2023. This can be attributed to the growing adoption of these systems in the physician offices.
- In October 2023, Bone & Joint of Albany announced the adoption of Athenahealth, Inc.'s cloud-based suite of integrated EHR, patient engagement, and medical billing solutions. This implementation aims to provide enhanced care quality and accelerate operational efficiency.
Product Code: GVR-2-68038-193-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment Definitions
- 1.2. Estimates and Forecast Timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.4.5. Details of Primary Research
- 1.4.6. Research Assumption
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Model Details
- 1.7.1. Volume Price Analysis
- 1.8. Research Objectives
- 1.9. List of Secondary Sources
- 1.10. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. U.S. Physician Group Market
- 2.1.1. Market Snapshot
- 2.1.2. Segment Snapshot
- 2.1.2.1. Product segment outlook
- 2.1.2.2. Component segment outlook
- 2.1.2.3. Delivery mode segment outlook
- 2.1.2.4. End-use segment outlook
- 2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Changing dynamics of hospital/healthcare settings
- 3.3.1.2. Development and sale of value-added services
- 3.3.1.3. Pressure to curb healthcare cost
- 3.3.1.4. Improving infrastructure and digitalization of healthcare
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Risk of data theft
- 3.3.2.2. Difficulty in maintaining confidentiality of patient information
- 3.3.1. Market Driver Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
Chapter 4. Product Business Analysis
- 4.1. U.S. Practice Management System Market: Product Movement Analysis
- 4.2. U.S. Practice Management System Product Market: Segment Dashboard
- 4.3. Product Movement & Market Share Analysis, 2023 & 2030
- 4.4. U.S. Practice Management System Market Estimates & Forecast, by Product
- 4.5. Integrated
- 4.5.1. Integrated market, 2018 - 2030 (USD Million)
- 4.5.2. Integrating software
- 4.5.2.1. Integrating software market, 2018 - 2030 (USD Million)
- 4.5.3. EHR/EMR
- 4.5.3.1. EHR/EMR market, 2018 - 2030 (USD Million)
- 4.5.4. e-Rx
- 4.5.4.1. e-Rx market, 2018 - 2030 (USD Million)
- 4.5.5. Patient engagement
- 4.5.5.1. Patient engagement market, 2018 - 2030 (USD Million)
- 4.5.6. Others
- 4.5.6.1. Others market, 2018 - 2030 (USD Million)
Chapter 5. Component Business Analysis
- 5.1. U.S. Practice Management System Market: Component Movement Analysis
- 5.2. U.S. Practice Management System Market: Segment Dashboard
- 5.3. Component Movement & Market Share Analysis, 2023 & 2030
- 5.4. U.S. Practice Management System Market Estimates & Forecast, by Component
- 5.5. Software
- 5.5.1. Software market, 2018 - 2030 (USD Million)
- 5.6. Services
- 5.6.1. Services market, 2018 - 2030 (USD Million)
Chapter 6. Delivery Mode Business Analysis
- 6.1. U.S. Practice Management System Market: Delivery Mode Movement Analysis
- 6.2. U.S. Practice Management System Market: Delivery Mode Dashboard
- 6.3. Delivery Mode Movement & Market Share Analysis, 2023 & 2030
- 6.4. U.S. Practice Management System Market, Market Estimates & Forecast, by Delivery Mode
- 6.5. On Premise
- 6.5.1. On Premise market, 2018 - 2030 (USD Million)
- 6.6. Web-based
- 6.6.1. Web-based market, 2018 - 2030 (USD Million)
- 6.7. Cloud-based
- 6.7.1. Cloud-based market, 2018 - 2030 (USD Million)
Chapter 7. End-use Business Analysis
- 7.1. U.S. Practice Management Systems Market: End-use Movement Analysis
- 7.2. U.S. Practice Management Systems End-use Market: Segment Dashboard
- 7.3. End-use Movement & Market Share Analysis, 2023 & 2030
- 7.4. U.S. Practice Management Systems Market Estimates & Forecast, by End-use
- 7.5. Physician Back Office
- 7.5.1. Physician back office market, 2018 - 2030 (USD Million)
- 7.6. Pharmacies
- 7.6.1. Pharmacies market, 2018 - 2030 (USD Million)
- 7.7. Diagnostic Laboratories
- 7.7.1. Diagnostic laboratories market, 2018 - 2030 (USD Million)
- 7.8. Other Settings
- 7.8.1. Other settings market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Position Analysis
- 8.3. Strategy Mapping
- 8.3.1. Merger & Acquisitions
- 8.3.2. Partnerships/Collaborations/Alliances
- 8.3.3. New Product Launch
- 8.3.4. Investment/Funding
- 8.4. Company Profiles/Listing
- 8.4.1. Henry Schein, Inc.
- 8.4.1.1. Overview
- 8.4.1.2. Financial performance
- 8.4.1.3. Product benchmarking
- 8.4.1.4. Strategic initiatives
- 8.4.2. Veradigm LLC (Allscripts Healthcare, LLC)
- 8.4.2.1. Overview
- 8.4.2.2. Financial performance
- 8.4.2.3. Product benchmarking
- 8.4.2.4. Strategic initiatives
- 8.4.3. AdvantEdge Healthcare Solutions
- 8.4.3.1. Overview
- 8.4.3.2. Financial performance
- 8.4.3.3. Product benchmarking
- 8.4.3.4. Strategic initiatives
- 8.4.4. Athenahealth, Inc.
- 8.4.4.1. Overview
- 8.4.4.2. Financial performance
- 8.4.4.3. Product benchmarking
- 8.4.4.4. Strategic initiatives
- 8.4.5. Cerner Corporation (Oracle)
- 8.4.5.1. Overview
- 8.4.5.2. Financial performance
- 8.4.5.3. Product benchmarking
- 8.4.5.4. Strategic initiatives
- 8.4.6. GE Healthcare
- 8.4.6.1. Overview
- 8.4.6.2. Financial performance
- 8.4.6.3. Product benchmarking
- 8.4.6.4. Strategic initiatives
- 8.4.7. McKesson Corporation
- 8.4.7.1. Overview
- 8.4.7.2. Financial performance
- 8.4.7.3. Product benchmarking
- 8.4.7.4. Strategic initiatives
- 8.4.8. EPIC Systems Corporation
- 8.4.8.1. Overview
- 8.4.8.2. Financial performance
- 8.4.8.3. Product benchmarking
- 8.4.8.4. Strategic initiatives
- 8.4.9. NXGN Management, LLC.
- 8.4.9.1. Overview
- 8.4.9.2. Financial performance
- 8.4.9.3. Product benchmarking
- 8.4.9.4. Strategic initiatives
- 8.4.10. eClinicalWorks
- 8.4.10.1. Overview
- 8.4.10.2. Financial performance
- 8.4.10.3. Product benchmarking
- 8.4.10.4. Strategic initiatives
- 8.4.11. CareCloud, Inc.
- 8.4.11.1. Overview
- 8.4.11.2. Financial performance
- 8.4.11.3. Product benchmarking
- 8.4.11.4. Strategic initiatives
- 8.4.12. Kareo, Inc.
- 8.4.12.1. Overview
- 8.4.12.2. Financial performance
- 8.4.12.3. Product benchmarking
- 8.4.12.4. Strategic initiatives
- 8.4.13. AdvancedMD, Inc.
- 8.4.13.1. Overview
- 8.4.13.2. Financial performance
- 8.4.13.3. Product benchmarking
- 8.4.13.4. Strategic initiatives
- 8.4.14. DrChrono, Inc. (EverCommerce)
- 8.4.14.1. Overview
- 8.4.14.2. Financial performance
- 8.4.14.3. Product benchmarking
- 8.4.14.4. Strategic initiatives
- 8.4.15. CollaborateMD Inc. (EverCommerce)
- 8.4.15.1. Overview
- 8.4.15.2. Financial performance
- 8.4.15.3. Product benchmarking
- 8.4.15.4. Strategic initiatives
- 8.4.16. OfficeAlly Inc.
- 8.4.16.1. Overview
- 8.4.16.2. Financial performance
- 8.4.16.3. Product benchmarking
- 8.4.16.4. Strategic initiatives
- 8.4.1. Henry Schein, Inc.
Product Code: GVR-2-68038-193-1
List of Tables
- Table 1 List of secondary sources
- Table 2 List of abbreviations
- Table 3 U.S. practice management system market revenue estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 4 U.S. practice management system market revenue estimates and forecast, by component, 2018 - 2030 (USD Million)
- Table 5 U.S. practice management system market revenue estimates and forecast, by delivery mode , 2018 - 2030 (USD Million)
- Table 6 U.S. practice management system market revenue estimates and forecast, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. practice management system market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain based sizing & forecasting
- Fig. 7 QFD modelling for market share assessment
- Fig. 8 Market formulation & validation
- Fig. 9 Market snapshot
- Fig. 10 Product & delivery mode segment outlook
- Fig. 11 Component & end-use segment outlook
- Fig. 12 Competitive landscape
- Fig. 13 U.S. practice management system market: Market dynamics
- Fig. 14 U.S. practice management system market: Porter's analysis
- Fig. 15 U.S. practice management system market: PESTLE analysis
- Fig. 16 U.S. practice management system market: Product segment dashboard
- Fig. 17 U.S. practice management system market: Product movement share analysis
- Fig. 18 Integrated market, 2018 - 2030 (USD Million)
- Fig. 19 Integrating software market, 2018 - 2030 (USD Million)
- Fig. 20 EHR/EMR market, 2018 - 2030 (USD Million)
- Fig. 21 e-Rx market,2018 - 2030 (USD Million)
- Fig. 22 Patient engagement market, 2018 - 2030 (USD Million)
- Fig. 23 Others market, 2018 - 2030 (USD Million)
- Fig. 24 Standalone market, 2018 - 2030 (USD Million)
- Fig. 25 U.S. practice management system market: Component segment dashboard
- Fig. 26 U.S. practice management system market: Component movement share analysis
- Fig. 27 Software market, 2018 - 2030 (USD Million)
- Fig. 28 Services market, 2018 - 2030 (USD Million)
- Fig. 29 U.S. practice management system market: Delivery mode segment dashboard
- Fig. 30 U.S. practice management system market: Delivery mode movement share analysis
- Fig. 31 On premise market, 2018 - 2030 (USD Million)
- Fig. 32 Web-based market, 2018 - 2030 (USD Million)
- Fig. 33 Cloud-based market, 2018 - 2030 (USD Million)
- Fig. 34 U.S. practice management system market: End-use segment dashboard
- Fig. 35 U.S. practice management system market: End-use movement share analysis
- Fig. 36 Physician back office market, 2018 - 2030 (USD Million)
- Fig. 37 Pharmacies market, 2018 - 2030 (USD Million)
- Fig. 38 Diagnostic laboratories market, 2018 - 2030 (USD Million)
- Fig. 39 Other settings market, 2018 - 2030 (USD Million)
- Fig. 40 Company categorization
- Fig. 41 Company market position analysis
- Fig. 42 Strategic framework
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